JUNE 2023

VOlUME 06 ISSUE 06 JUNE 2023
How Delayed Retirement Initiatives and Social Health Insurance System Affect China's Elderly
1Zhang Yuanyuan,2Ma Mengqi,3Doris Padmini Selvaratnam
1,2,3Universiti Kebangsaan Malaysia, Malaysia
DOI : https://doi.org/10.47191/ijsshr/v6-i6-40

Google Scholar Download Pdf
ABSTRACT

The challenges brought by global aging make countries begin to pay attention to and pay attention to the role of deferred retirement initiatives. At present, China's social medical insurance system has not been reformed, and the retirement age policy formulated in the 1950s obviously does not meet the needs of China's economic development. China is in urgent need of a new delayed retirement policy. In this paper, using 2014 CLHLS data, the study found that working age affects the health of the elderly, and there is a negative correlation between age and health. According to the findings, the social medical insurance system has a favourable impact on the health of the elderly, and there is no direct evidence that it can reduce the mortality rate. The social health insurance system and the proposal to postpone retirement interact with one another.

KEYWORDS:

Delayed Retirement, Social health insurance, Elderly people, Health, Delayed retirement proposal

REFERENCES

1) Xie, Yuantao, Xiaoke Sun, and Shanchen Yang. "THE EFFECT OF DELAYED RETIREMENT ON SOCIAL WELFARE IN CHINA FROM THE PERSPECTIVE OF THE PENSION REPLACEMENT RATE." The Singapore Economic Review (2021): 1-26.

2) Zhang, Chuanchuan, Xiaoyan Lei, John Strauss and Yaohui Zhao, (2016) “Health Insurance and Health Care among the Mid-Aged and Older Chinese: Evidence from the National Baseline Survey of CHARLS”, Health Economics, Epub ahead of print

3) Zhu K, Zhang L, Yuan S, Zhang X, Zhang Z. Health financing and integration of urban and rural residents' basic medical insurance systems in China. Int J Equity Health. 2017;16:1-8.

4) Zheng, B.W. China Pension Actuarial Report 2019–2050; China Labor and Social Security Press: Beijing, China, 2019. (In Chinese)

5) Wu Y, Xu C, Yi M. The Optimal Choice of Delayed Retirement Policy in China[J]. Sustainability, 2022, 14(19): 12841.

6) Xie Y, Sun X, Yang S. THE EFFECT OF DELAYED RETIREMENT ON SOCIAL WELFARE IN CHINA FROM THE PERSPECTIVE OF THE PENSION REPLACEMENT RATE[J]. The Singapore Economic Review, 2021: 1-26.

7) Dr. Leo Esaki (2002) "Innovation and Evolution - Reflections on Life Research"

8) Barschkett, M., Geyer, J., Haan, P., & Hammerschmid, A. (2022). The effects of an increase in the retirement age on health—Evidence from administrative data. The Journal of the Economics of Ageing, 23, 100403.

9) Johnson, R. W. (2009). Family, Public Policy, and Retirement Decisions: Introduction to the Special Issue. Research on Aging, 31(2), 139–152.

10) Jokela, M., Ferrie, J. E., Gimeno, D., Chandola, T., Shipley, M. J., Head, J., Vahtera, J., Westerlund, H., Marmot, M. G., & Kivimäki, M. (2010). From Midlife to Early Old Age: Health Trajectories Associated With Retirement. Epidemiology, 21(3), 284–290.

11) Johnson, R. W., Davidoff, A. J., & Perese, K. (2003). Health Insurance Costs and Early Retirement Decisions. ILR Review, 56(4), 716–729.

12) Nyce, S., Schieber, S. J., Shoven, J. B., Slavov, S. N., & Wise, D. A. (2013). Does retiree health insurance encourage early retirement? Journal of Public Economics, 104, 40–51.

13) Wang Xinjun, Zheng Chao. The Impact of Medical Insurance on Medical Expenditure and Health of the Elderly[J]. Finance Research, 2014, 40(12): 65–75.

14) Coe, N., & Lindeboom, M. (2008). Does retirement kill you? Evidence from early retirement windows.

15) Card David, Carlos Dobkin, Nicole Maestas. (2008). The Impact of Nearly Universal Insurance Coverage on Health Care Utilization:Evidence from Medicare. The American Economic Review, 98(5): 2242-2258.

16) LIU Xiaoting. 2014. The Impact of Social Health Insurance on Health Outcomes among Older Adults: An Empirical Study in Zhejiang Province, China[J]. Chinese Journal of Sociology(in Chinese Version), 34(2): 193-214.

17) Li, J., & Yuan, B. (2022). Health insurances and the health-related work capacity of retirement-aged workers: a comparative investigation. Journal of Occupational and Environmental Medicine, 64(3), e155-e164

VOlUME 06 ISSUE 06 JUNE 2023

Indexed In

Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar Avatar